gmgm
Let's talk about some recent trading matters.
Before May 10th, everything went smoothly, but after May 10th, I overtraded for two to three weeks, losing back all the money I made in April. Looking back, it seems that after May 10th, when the main upward wave of BTC ended and entered a consolidation phase, the rhythm of altcoins changed. I continued to follow the previous logic and rhythm, failing to adapt to market changes, which led to losses (another reason was that I traveled and didn't observe the market closely).
A few thoughts are:
1. Follow the market; strategies must quickly adapt to market changes. Losing money 2-3 times indicates that the strategy has some issues that need quick correction, or one should choose to stay away from the market.
2. Adopt different strategies for different market dynamics. In the current oscillating market, day trading is the best approach, or try to ensure that you are in a clear state from 4 AM to 9 AM on weekdays.
3. Day trading + right-side news chasing is something I'm not very good at, partly because I've become a bit lazy. So it's better to stick to the trading types I'm good at + wait for good trading opportunities to arise.
4. Ensure good risk control, including what should be bought with contracts and what should be bought as spot. When buying with contracts, how much leverage should be used, and where to set stop-loss and take-profit points. All these factors need careful consideration.
Regarding narratives and Tickers:
1. Overall, I still have a positive outlook on RWA and USD1 narratives. Given the current market behavior, I am more inclined to invest in project tokens that may collaborate with USD1. My choices are JST and TRX. TRX also has a staking ETF narrative, which seems a bit vague. RWA mainly consists of PLUME, SYRUP, and PRCL. PRCL seems a bit weak, so I won't consider it; I'll look into PLUME when it goes live on the mainnet. SYRUP feels like it has potential, so I need to research it thoroughly.
2. Currently, there isn't much hype around AI; the main market attention is focused on the Virtuals ecosystem. Those wanting to invest in AI can only look at this. The robot narrative is still brewing, with one being the Virtual's ROBOT, which is right at support near 8m, and the other is PEAQ, which is also at support. As for when it will take off, I can't say for sure.
3. ETH staking narrative has been mentioned for a long time, mainly revolving around LDO and restaking. From price performance, LDO looks a bit better, with sufficient buying interest.
4. There are also some miscellaneous items, like TON, which has expectations for a formal collaboration and financing with XAI. I see $3 as a chip zone (official announcement made, awaiting agreement finalization), and the current risk-reward ratio looks good.
5. I saw a very good point from @mdzzi that projects that give Kaito chips are good shorting targets, but remember to manage risk with stop-losses. You can also refer to this.
(This can also be considered a simple outlook piece.)
